Just the Facts

  • Price:

    $899,000

  • Status:

    Sold

  • # Beds:

    5

  • # Baths:

    3

  • Neighbourhood

    Little Italy

About the Property

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66 Montrose Avenue
Triplex For Sale
Income Property For Sale
Little Italy Triplex
For Sale in Little italy
House For Sale in Little Italy
Little Italy Home
66 Montrose Avenue For Sale
For Sale 66 Montrose
For Sale 66 Montrose Avenue
Investment Property For Sale
Little Italy Investment Property
Little Italy Home
Investment Property in Little Italy
For Sale 66 Montrose
66 Montrose
Little Italy Triplex
Little Italy House For Sale
Little Italy House
Income Property in Little Italy

WELCOME HOME.


Located on one of the best streets in Little Italy and steps from Trinity Bellwoods Park, this character-filled home is a solid turnkey investor opportunity, or a rare chance to live in one of the city’s best neighbourhoods…and let your tenants pay your mortgage!

Classic Little Italy Victorian with 3 self-contained units, each with laundry; 200 amp service; laneway garage parking and backyard garden. The two-floor owner’s suite is complete with a sunny deck for BBQs and a third floor loft master bedroom.

Upper Suite 2nd/3rd floor

  • Renovated 2 bedroom apartment with hardwood floors throughout the 2nd floor
  • Spacious loft master bedroom with plenty of storage
  • Walk-out to private deck from kitchen
  • Ensuite laundry
  • Currently vacant – $2,200 monthly rent potential

Main Floor Suite

  • Upgraded 2 bedroom apartment with spacious kitchen and living area
  • Walk-out to backyard garden and garage
  • Ensuite laundry
  • Currently leased at $1,850 per month until January 2014

Basement Suite

  • One bedroom apartment
  • Ensuite laundry
  • Currently leased at $1,100 per month until March 2014

Steps from Trinity Bellwoods Park, 24-hour public transit and the best of Little Italy.

Little Italy: The Neighbourhood

Lined with trendy restaurants, martini bars and cafes, Little Italy‘s College Street has been cool for more than a decade. On summer evenings thirty-somethings fill the streets, hopping from low-key restaurants to hip bars to live music venues like The Mod Club and Orbit Room. It’s awesome–with a minimum of attitude.

Trinity-Bellwoods–probably the city’s best urban park–is less than a block away, with an off-leash dog bowl, community centre and year-round events. Still want more? The vibrant Ossington strip is only a few blocks further, with more hipster restaurants and nightlife options than you can count. Honestly, could there be a better location?

Want to know more? Check out our Little Italy Infographic for the whole story.

 

66 Montrose Income Projection

Projected Annual Income $61,800

Annual mortgage principal + interest*  $43,128

Annual Expenses**

  • Water/Sewage  $1,008
  • Hydro and Gas  $3,228
  • Taxes  $ 3,601
  • Estimated Property Insurance  $1,019

Estimated Annual Cash Flow: $9,816

Assumptions

* 20% downpayment, 25 year amortization, 3.5% interest rate

** Expense estimates reflect 2012 actual expenses but of course, are subject to change from year to year. Renovations, maintenance and any applicable income/capital gains tax not included in calculation.

NB: Estimates and projections are provided for informational purposes only and Buyers should do their own due diligence.

Melanie Piche, Broker/Owner

: melanie@getwhatyouwant.ca

: 416.568.0427


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